Services

NEWS FLASH

WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...

Learn More

COUNTRY INSIGHTS

Ukraine claims to have regained land
RUSSIA / FSU POLITICS · In Brief · 12 May 2023

On May 12 Ukraine said it had taken back land. Pro-war Russian bloggers also said that the Ukrainians have grained ground in Bakhmut. The head of Wagner Group said that the Ukrainians have been gaining in Bakhmut since May 9. This would be particularly galling for Russia as it has put so much int...

Armenia and Azerbaijan fire on each other
RUSSIA / FSU POLITICS · In Brief · 12 May 2023

On May 11 shots across the border led to one dead and four wounded. The two neighbors held talks in Washington DC just last week. The US and Russia called for calm in the former Soviet states. The US suggested that both sides withdraw forces an agreed number of km from the frontline. The EU is du...

Famous last words: the macro sequel…
TURKEY · In Brief · 12 May 2023

Having done quite a few reports, calls and zooms over the past month or so, many of them jointly with my colleague Atilla (see the brief sent out earlier today on his latest thoughts), I thought it might be useful to provide a quick recap on what I’ve been saying on the macro side. Broadly speaki...

Famous Last Words: As luck would have it…
TURKEY · In Brief · 11 May 2023 · 1 response

It is time to say my final words, which are going to be substantially different than my comments in the last Weekly. I’ve always believed Erdogan’s greatest asset wasn’t his charisma, ruthlessness or the Machiavellian tactical intelligence, but luck. The last minute decision by protest candidate ...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 11 May 2023

A number of interesting events affected the FX market in recent weeks. Note that the ruble significantly weakened in April and moved from R/$77 to about R/$82, which was partially explained by increased federal budget expenditures. In April alone, they accounted for over R3.1 trln. In January, th...

Hour Zero Approaches
ECUADOR · In Brief · 11 May 2023

The report recommending Guillermo Lasso should not be impeached was approved by four members of the review committee and rejected by five. According to the legal procedure, the plenary approved to start the impeachment process with 88 votes. The impeachment process could last two weeks or less, a...

Q1 GDP grew 6.4%
PHILIPPINES · In Brief · 11 May 2023

It was a good start for the Philippine economy, growing 6.4% in Q1 2023 and beating analysts’ median forecast of 6.1%. A quick look at the numbers suggests that pandemic-induced pent-up demand is still the major driver. The 6.3% growth in private consumption, which accounted for 3/4s of GDP growt...

Deputy Cajado may submit his report on the new fiscal framework today, Deputy Gleisi is calling for the text of the fiscal framework to remain intact, and the government released R$ 700 million in funds to members of Congress
BRAZIL POLITICS · Report · 11 May 2023

Today, Deputy Claudio Cajado (PP-BA) is expected to submit his report on the new fiscal framework bill. The president of the PT, Deputy Gleisi Hoffman, is calling for a meeting with Cajado before the plenary vote on the text. She criticizes the possibility of changes to the fiscal framework. The ...

Georgia and Russia normalize flights and visas
RUSSIA / FSU POLITICS · In Brief · 11 May 2023

On May 10 Russia said that Georgians will be allowed to enter the country for 90 days without a visa. Flights between the countries will be resumed for the first time since 2019. They were ended due to anti-Russian demonstrations in Georgia. Tens of thousands of Russians are in Georgia to avoid c...

UN chief says there is no sign of Russia-Ukraine peace
RUSSIA / FSU POLITICS · In Brief · 10 May 2023

On May 9 Antonio Guterres said this in an interview. Both Ukraine and Russia still say that they are going to win. Guterres said he wants to expedite talks when possible. He made the statement while receiving an award for the advancement of European values. He reiterated that the UN is about ensu...

Courting Chaos
COLOMBIA · In Brief · 10 May 2023 · 2 responses

It is difficult to follow the dynamics of the Petro administration to try to find a common thread between the utterances and actions of its ministers. One day the president asks for COP 150 trillion from primary monetary issuance for victims of internal conflict; shortly after, from the balcony o...

Analysts guessed correctly, CPI-inflation indeed fell materially in April
HUNGARY · In Brief · 10 May 2023

This time around, the analyst consensus, or more accurately the median analyst forecast in Portfolio.hu's poll, proved completely right: April CPI-inflation was reported at 0.7% mom, 24.0% yoy, the latter down from 25.2% in the previous month and from the 25.7% yoy recorded in January. This was t...

Deputy Cajado may submit his report on the new fiscal framework by tomorrow, the government is negotiating votes for the sanitation decrees in the Senate, and the CPMI on the January 8 attacks still has no date for its installation
BRAZIL POLITICS · Report · 10 May 2023

Deputy Claudio Cajado (PP-BA), the rapporteur of the new fiscal framework, is expected to submit his report by tomorrow. But he may postpone the submission depending on when the vote is scheduled. In the Senate, the government is trying to avoid a defeat on the sanitation decrees similar to what ...

Russian missiles strike Kyiv
RUSSIA / FSU POLITICS · In Brief · 09 May 2023

On May 8 and 9 some 25 missiles were fired at Kyiv and other cities in the run-up to Russia's Victory Day Parade. Ukraine said it shot down 23 of the missiles, and only one person was hurt.  The President of the European Commission was in Kyiv at the time of the attacks. Russia usually desisted f...

Haddad announced the appointment of Gabriel Galipolo and Ailton Aquino as directors of the Central Bank, Padilha should meet with party leaders, and Pacheco said the government should accept the privatization of Eletrobras
BRAZIL POLITICS · Report · 09 May 2023

To replace Galipolo at the Treasury's executive secretariat, Haddad chose Dario Durigan, who has already worked with him as a special advisor in the city of São Paulo. The next Copom meeting to decide interest rates will be held on June 20 and 21. After the defeat of the sanitation decree, the Mi...

Copyright 2025 GlobalSource Partners. All rights reserved.